Global personal mobility devices market was valued at US $ XX Mn and expected to grow at 7.95% Compound Annual Growth Rate (CAGR) over the 2017 to 2023.

Market Outline: Personal Mobility Devices Market

Personal mobility devices are the assistive device that facilitates individual human transportation. Personal mobility devices include, powered wheelchairs, scooters, bicycles and unicycles. They aid the patients to move from one place to other. It is useful for physically challenged patients as well as patients suffering from arthritis.

Market Dynamics: Personal Mobility Devices Market

Increase in the geriatric population along with increase in the health issues are driving the growth of the personal mobility devices market. According to World Health Organization (WHO), the global geriatric population is anticipated to rise from 7% in 2000 to 16% in 2050. Rising demand for personal mobility devices is attributing the growth of the market. Increase in the prevalence of arthritis is driving the growth of the personal mobility devices market. However, the high cost of the personal mobility devices is limiting the growth of the market. The stringent government regulations are hampering the growth of the market.

Market Scope: Personal Mobility Devices Market

Personal mobility devices market is segmented based on the devices, product, and distribution channel

Based on the devices, the market is segmented into the following:

Wheelchairs

Manual Wheelchairs

Electric Wheelchairs

Walkers

Standard Walkers

Knee Walkers

Rollators

Mobility Scooters

Midsize Scooter

Road Scooter

Boot Scooter

Crutches

Axillary Crutches

Elbow Crutches

Forearm Crutches

Canes

Folding Canes

Quad Canes

Offset Canes

Based on the product, the market is segmented into the following:

Medical Beds

Electric Beds,

Manual Beds

Patient Lifts

Manual Lifts

Power Lifts

Stand Up Lifts

Heavy Duty Lifts

Overhead Track Lifts

Stair Lifts

Indoor Stair Lifts,

Outdoor Stair Lifts

Others

Based on the end user, the market is segmented into the following:

Clinics

Hospitals

Others

Regional Analysis: Personal Mobility Devices Market

Geographically, global personal mobility devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America personal mobility devices market is growing due to increase in the prevalence of arthritis. According to Centers for Disease Control and Prevention (CDC), Arthritis affects 54.4 million US adults, more than 1 of 4. It is a leading cause of work disability in the United States and one of the most common chronic conditions in the nation. The increasing use of the personal mobility devices is driving the growth of the market in this region. Europe and the Asia Pacific personal mobility devices market are expected to grow over the forecasted period owing to the increasing adoption of the personal mobility devices. Rising patient population is adding fuel for the growth of the market in these regions.

Competition Assessment: Personal Mobility Devices Market

Some of the players in the global personal mobility devices market include:

ArjoHuntleigh (Sweden)

Drive Medical (Canada)

Graham-Field Health Products Incorporated (U.S)

Hill-Rom Holdings, Inc. (U.S)

Amigo Mobility International, Inc. (U.S)

Notable Market Developments: Personal Mobility Devices Market

In February 2017, Core Mobility Solutions has launched the LifeGlider Personal Mobility Device

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